what is the best indicator for spotting support & resistance on charts?

Simple Moving Average (SMA) & Fibonacci Retracement are some good indicators I use. My 14-day SMA curve acts as support when price is above it and acts as resistance when price is below it. It is not perfect, so I don't rely on it 100% i just use it as a guide.

Fibonacci retracement levels can also act as support and resistance, especially the golden fib level of 61.8%

1. Moving Averages (MA20, MA50, MA200)

Not a traditional S&R indicator, but widely used as dynamic support & resistance.

Examples:

Price bounces off the 50 EMA

The 200 SMA often acts as major support or resistance

Good for trend-following traders.

2. Fibonacci Retracement Tool

One of the strongest tools for identifying:

Pullback support (38.2%, 50%, 61.8%)

Resistance levels

Trend continuation zones

Highly used in forex, crypto, stocks.

3. Price Action Indicators (Highs & Lows)

These indicators plot:

Previous day high

Previous day low

Weekly high/low

Swing highs and lows

Useful because markets often react to these levels.

Pivot Points Indicator.

Pivot point indicators automatically calculate:

PP (pivot)

Support levels (S1, S2, S3)

Resistance levels (R1, R2, R3)

✔ Great for intraday trading

✔ Easy to read

✔ Works well in forex, indices, metals